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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

    Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Trending Tags

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Trending Tags

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Why governments may lose COVID-19 battle, by UN

                  The Guardian | May 21, 2020
                  Nigeria records 23 new cases of COVID-19, total now 174
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                  • Police provoke doctors’ wrath over brute enforcement of curfew
                  • Journalists, others on essential duties exempted, says IGP
                  • Catholic body, FCT differ on reopening of churches, mosques

                   

                  The United Nations (UN) yesterday warned that the fight against the COVID-19 pandemic might be jeopardised unless governments retained “the trust and participation of citizens throughout.”

                   

                  The admonition came as doubts about the virus grew among many Nigerians. Viral videos have since emerged purporting to show COVID-19 patients partying in isolation wards, even as #EndCovidScamNow trended.

                  On Tuesday, the Zamfara State government criticised the Nigerian Centre for Disease Control (NCDC) for allegedly inflating the figures of cases in the state. It was the latest in a series of spats between the NCDC and some state governors, who accused the agency of plotting to manipulate figures.

                  Only yesterday, the Nigerian Medical Association (NMA) in Lagos directed its members to proceed immediately on an indefinite sit-at-home strike, saying security agencies were harassing its members on essential duties.

                   

                  But in an article titled ‘Global Solidarity with Africa is an Imperative’, published on the UN news website, Secretary-General Antonio Guterres noted that in the fight against the pandemic, “The human rights of all must be respected.”

                  The UN chief warned: “The pandemic threatens African progress. It will aggravate long-standing inequalities and heighten hunger, malnutrition and vulnerability to disease. Already, demand for Africa’s commodities, tourism and remittances are declining. The opening of the trade zone has been pushed back – and millions could be pushed into extreme poverty. The virus has taken more than 2,500 African lives. Vigilance and preparedness are critical.”

                   

                  Guterres nevertheless commended “what African countries have done already, together with the African Union,” saying he had “been calling for a global response package amounting to at least 10 per cent of the world’s Gross Domestic Product for Africa” and continues to “advocate a comprehensive debt framework – starting with an across-the-board debt standstill for countries unable to service their debt, followed by targeted debt relief and a comprehensive approach to structural issues in the international debt architecture to prevent defaults.”

                  In the statement they issued yesterday, NMA leaders Dr Saliu Oseni (chairman) and Dr Ramon Moronkola (secretary) said: “The Lagos State branch has resolved that it is presently unsafe for its members to continue to provide healthcare services under the present confused arrangement. We resolve that all doctors under the auspices of the Nigerian Medical Association in Lagos proceed on a sit-at-home starting from 6:00 p.m. today, May 20, indefinitely.

                   

                  “Until such time when the state government and the Commissioner of Police are clear on how they wish to operationalise the lockdown/restriction of movement directive as it relates to essential service and service providers, including healthcare services and doctors.”

                  The Federal Government had ordered an 8:00 p.m. to 6:00 a.m. curfew and an interstate restriction to movement nationwide in a bid to contain the spread of the virus.

                   

                  The NMA statement reads further: “Whereas the directives of President Muhammadu Buhari, through the Presidential Task Force on COVID-19, was clear on the exemption of essential workers including doctors and other health workers from the ongoing lockdown/movement restrictions, the Commissioner of Police in Lagos State, Mr. Hakeem Odumosu, has been issuing conflicting directives on social and mainstream media to the effect that essential workers, including doctors and other health workers, are not exempted.

                  “As a direct result of the conflicting directives of the government and the Lagos State Commissioner of Police, the Lagos State branch of Nigerian Medical Association (NMA) was inundated yesterday evening with several cases of harassments and intimidation of doctors and other health workers by officers and men of the Police Command in Lagos State.”

                   

                  Journalists also had a raw deal at the hands of police personnel. Yusuf Adekunle, the Head of Investigation at The Nation newspaper, said some of the police officers were annoyed that the media had blamed them for lapses in enforcing the restrictions aimed at containing COVID-19.

                  “The officers refused to allow anyone go, saying that was the instruction given to them. There were bankers on essential duties that had fed money into ATMs. Some of them even had letters. But the police said they would impound all our vehicles and hand them over to the task force in the morning. I had to go back,” he said.

                   

                  TVCs crime reporter, Ivy Kanu, said: “I noticed that the roadblocks had increased. The place was packed full. Over 50 people were there. The impounded vehicles were more than 20 and more were still coming in. Some people had been taken into custody and put into cells. Some others were standing outside. I was asked to go behind the counter. That was where I was before the DPO announced that we should come outside. They handed our keys to us and told us to sleep in our cars till the next morning.”

                  A police source told The Guardian: “The IGP instructed a total lockdown. It is expected of every essential duty personnel to comply with the directive. We mean business this time around. Journalists and other essential duty workers had been exempted but in the new order, nobody is exempted.”

                   

                  Later, in a press statement, however, Force Public Relations Officer (FPRO) DCP Frank Mba clarified: “All essential workers including medical personnel, firefighters, ambulance services, journalists etc. are exempted from the restriction to the movement associated with both the partial lockdown and the national curfew across the federation.

                  “The Inspector-General of Police, IGP Mohammed A. Adamu has therefore directed all Zonal Assistant Inspectors-General of Police and Commissioners of Police to give effect to these exemptions while enforcing the restriction orders.”

                  The change of heart by the police is believed to have followed a wave of complaints made to the Presidential Task Force on COVID-19 (PTF).

                   

                  In yet another statement, late yesterday, the police IGP stated: “The Force wishes to state that it is not oblivious of the sensitive, indispensable, patriotic and frontline role of the nation’s workforce that falls within the category of essential service providers particularly as it relates to efforts to curtail and contain the COVID-19 pandemic.

                  “To this effect, all essential workers including medical personnel, ambulance service providers, journalists, fire-fighters etc., are exempted from the movement restriction orders as well as the national curfew.”

                  The IGP however admonished “all workers who fall within these categories not to take undue advantage of their positions and privileges to advance other purposes not connected with the performance of their duties within the stated period.”

                   

                  The Federal Capital Territory (FCT) administration, meanwhile, has insisted that places of worship will remain shut for the next two weeks as announced by the PTF.

                  Disclosing this at a meeting between the administration and representatives of the Christian and Muslim communities, FCT Minister Mohammed Musa Bello said: “The FCT is guided by advice from medical experts and guidelines from the PTF, which directed that all measures approved two weeks earlier be extended for another two weeks and these include the restriction on religious gatherings.”

                   

                  But Catholic Caritas Foundation of Nigeria, the official relief and development arm of the Catholic Bishops’ Conference of Nigeria (CBCN), disagreed, saying: “If the government could lift restrictions on market places and banks, why is it not possible to lift the ban on churches and mosques. It is surprising that a nation that is religious doesn’t count churches and mosques as important aspects of its essential life.

                  “They have seen that neither medicine, pharmacy or pharmacology has helped us. Government should immediately, without further delay, allow churches and mosques go back. It should allow church and mosque authorities the responsibility to cater to their people and put in place requirements for protection.”

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